Mixed U.S. stock futures ahead of job data, with concerns over economy's health

From Investing.com: 2024-08-08 05:25:50

U.S. stock index futures were mixed as investors await another job report for clues on the American economy’s health. Megacap and growth stocks fluctuated amid Treasury yield rise. Global markets faced increased volatility after dour economic reports and yen surge. Weekly jobless claims data expected to show slight dip. J.P. Morgan raises recession odds to 35%.

Bumble cut its annual revenue growth forecast, causing shares to plummet 35% in premarket trading. Warner Bros Discovery shares fell 11.8% over TV asset devaluation due to cable and satellite distributor fees uncertainty. Markets await Richmod Fed President’s comments for hints on the central bank’s next move. U.S. E-minis show mixed movements in early trading.



Read more at Investing.com: Futures waver on anxiety ahead of jobs data By Reuters